We're in Herne Hill, First timers buying with a mortgage (lender is Nationwide , and our solicitor is on the Nationwide conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nationwide conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
What can a local search tell me about the property my wife and I purchasing in Herne Hill?
Herne Hill conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations for example Searchflow The local search is essential in every Herne Hill conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search should supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
I own a terraced Georgian property in Herne Hill. Conveyancing practitioner acted for me and Chelsea Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Herne Hill and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing practitioner who carried out the work.
I'm buying my first flat in Herne Hill with a loan from Yorkshire Building Society. The sellers refused to reduce the amount so I negotiated £7000 of extras instead. The estate agent told me not to tell my conveyancer about this extras as it will jeopardize my mortgage with Yorkshire Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey completed on a house in Herne Hill before retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies tend refuse to grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to telephone us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Herne Hill. Conveyancing may be slightly more expensive based on your lender's requirements.
I am downsizing from my house. My previous conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Herne Hill if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Herne Hill. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.